CHFJPY – Wave Analysis OutlookCHF/JPYOANDA:CHFJPYsaravanarmCHFJPY has been unfolding within a complex corrective structure labeled as W–X–Y. The recent advance looks extended, and based on the current structure, I’ll be watching closely for a potential bounce from the green box zone (support area). This green box represents a key confluence of support, aligning with both the trendline and Fibonacci extension levels. If price holds and consolidates here, a bullish reaction could develop, giving continuation toward the upside. The 1st target sits near 187.30–187.50 (–0.236 Fib), while the 2nd target is around 189.10 (–0.618 Fib extension). A failure to hold the green box, however, could invalidate the bullish scenario and open deeper pullback targets at 185.26 / 184.57 / 183.44. 👉 My primary expectation is for buy setups if the pair shows strength from this zone, targeting higher extensions. ⚠️ Disclaimer: This outlook is my personal wave analysis and shared for educational purposes only. It is not financial advice. Trading involves risk — always do your own research and manage risk carefully.